Topic: 【LakeBTC.com】Bitcoin Exchange (Read 74871 times)

I wanted to try lakebtc, but it's an empty exchange. I advise against using it. The fees for withdrawals are not known immediately. After the bitter discovery I ran away.
I asked to be paid 0.01 BTC on December 13th and I was paid after 4 days, today December 17th I received 0.009 BTC

Was LakeBTC still alive? anyone know?

withdrawal is not working. lucky me only test 0.001 btc. SCAM

I can not access my account. Support does not respond to any one contact. Scam?

LakeBTC Exchange is now listed on CryptoChartIndex , Now you can get all information regarding LakeBTC Exchange on CryptoChartIndex!

Ok… I am using a verified account. If I cannot pick “System Banker Only ” so called option on deposit, why should I expect this option to be available on withdrawals ?

And NOW ! All users can see LAKEBANKER system is the only option (and thus mandatory) for fiat withdrawals because even with ᴜꜱᴅ bank account in europe owned by a European Union citizen, it is impossible to use “System Banker”
And here’s what happen when I click on “Submit”  :

As an alternative, does anyone has a negative history with this Lakebanker ? His claim to have still enough money in order to accept withdrawals from other peoples looks suspicious to me :
If not, he is probably our way out…

I tried to arbitrage this because I dug a little and it say gate hub ripple was on here in an article...then I do the BTC transfer and sale (good profit) but when I go to exchange XRP/USD...no trading pair...in fact no trading pair that does not go into BTC *alarms go off* this is why the BTC is so profit enticing. It’s hotel California, you can never leave...options. Convert back to BTC and leave. Or find a way to convert fiat for sending. Bitshares Openledger is being looked at...if I find a backdoor I’m gong to shave the cat and arbitrage this thing like an algo bot...I’ve got 23 account limits to burn through.

I’ve seen some mention that this is one guy but I doubt that, that a lotta people to fool. Having said that I would love to see some scrutiny from crypto journalists on this...

One more thing, LakeBTC has a coin ICO, look up the coin on coinmarketcap and then laugh or cry or at least say “they can’t do that”. It’s not a good exchange by any stretch. Lots of bullshiza and omitted truths.

yeah avoid, had nothing but bad luck with lakebtc

Seems to be a scam: https://bitcointalksearch.org/topic/m.23552661

You've been scammed. Why don't you read the posts behind?

This is not a legal exchange, it's a scam.
No one is there to help, I think it's only one guy from uk  pretending to be a big company from China with fake address, fake company name and fake reviews.
You just manage to feed the guy 0.01 btc for nothing and got yourself into even bigger problem now.

There is no way to contact anyone just wait and hope you get a reply here. He rarely answers over support usually with a standard template reply and link from faq.

For btc withdrawals he's also doing it manually from time to time along the day.
If you place a request at night he'll operate next morning of course he needs to sleep or durring the day if he needs to go to the grocery.

What I learned with LakeBTC is never trust positive reviews unless you find some negative ones.
I've been tricked to join that scam because I hardly found anything bad about it, then when I start digging it was too late.
Managed to escape my funds from there luckily without major loss and trying since then to warn people for the risk they expose themselves using lakebtc.

Hello,

I've tried contact LakeBTC's support by email but didn't get any answer so I’m trying to reach you here...

Here's another issue that I'm having right now

I decided to try LakeBanker feature so registered as a LakeBanker, paid fee for that 0.01BTC(48$) and executed withdrawal request from user U001598837 ( withdrawal #2715388750 ), I sent him Perfect Money.

It's been 2 days since I sent him my Perfect Money but I still haven't received the funds at LakeBTC on exchange for my Perfect Money so right now I'm without my funds at Perfect Money and without the funds at LakeBTC.

I feel like I got scammed… I want to know when I get my funds? How long do you wait in such cases before start to act?

As I said, it's been 2 days since I made the payments, taking into consideration that Perfect Money send instantly so 2 days is more than enough for the user to confirm the payment and he might just decided not to bother with confirmation so what's your policy in that matter? There's must be clear rules on that matter but I can't find anything.

Please help me.

EDIT: I see that after 3 hours the bitcoins is finally sent from your exchange to my address... now I should wait few hours when they arrive at my wallet   so in my case it took about 5 hours to get my bitcoins from your exchange… I'd say it's quite long time, taking into consideration how volatile the market...

My suggest that you should add a warning at your site that BTC withdrawals from your exchange isn't "instant" and it might take hours for you to send it

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Hello

I'm having issues with BTC withdrawal from your exchange. I've tried to contact you by e-mail but didn't get any answer.

I requested withdrawal of my BTC from your exchange but still haven't received it.

Here's ID of the request #2120385888

Could you check it, please?

Thanks.

My best advice for you is to stay as far as you can from LakeBTC.

In my 2 months experience with them I could only - hardly - re buy my sold BTC and then hardly withdraw the coins.
Stayed 2 months just trying to withdraw fiat which was impossible.
Fiat withdrawals, send feature, not working, trade order book is cheated to give the impression of high volumes and a lot of activity but actually there are hardly 10 users trading ...
The place has no real address, no real owners, the reviews you find are a lie, social media is empty while they claim to have 10 millions registered users, you can hardly find a tweet, a like or a comment.

The owner's goal is to lure innocent people inside before they realize where they get into and then making profit on your desperation to get your fund out when you realize you're stuck there, making profit charging you fees lying you will be able to withdraw if you pay to get promoted as lakebanker, etc.
It's a good deal for the owner to make some bucks online, with very little effort.

The place is a meticulously advertised scam,

Hi, anyone tried the [send payment] via email address? I sent, but nobody sent any message to me and payee email. How to use it?

@darkrise Trust me they are Scammers.
Actually he is a scammer, I have good reason to believe he's just one guy I think located in UK that has put in place all the lie around what lakebtc he wants to let people believe it is.

I mean a scam not like letting you deposit then run with the money but by the fact that everything around LakeBTC is such a big lie to lure users into his platform then making profit on people's panic to leave from there when they realize where they get into it.
It is so shady you can't trust a bit from what they are saying here and there of various forums, websites, reviews etc once you take time to verify and dig deeper.

Regarding withdrawals - exactly the point where I struggled to regain control of my funds for almost a month - it's purely a technical scam.
That means, there are so few so called "LakeBankers" that is practically impossible to find someone to help with withdrawals. I can estimate there are some 10-20 users promoted as LakeBankers while they had to pay a fee to become that, and the reason they did it was because they were fooled that they whould be allowed to "accept" other users deposits in order to - themselves - be able to withdraw.

I brace myself for not being also trapped to this lie to request for LakeBanker status and pay 0.01 BTC for one month of privilege - instead I have waited with some pending withdrawal requests on various amounts and payment methods for 2 almost 3 weeks without anyone from the "existing LakeBankers" picking it up. Pure 0 success.

Now becoming paranoid to recover and regain the control of my funds I decided the only chance is to re-buy BTC with my existing 13.000+ EUR balance and withdraw the BTC then leave this horror platform for good.

Meanwhile I have made some deeper research around what LakeBTC represents, who's behind it and I've been terrified of the huge lies and discoveries I have made, still not believing I was able to get my money back from such a shady big lie all around the internet "wannabe" exchange platform.

I can give you so many hints:
- the company doesn't exist. they say they are part/branch of some huge company Lake Investments something, I found a single company matching that , it was created as an ltd in Virgin Islands in 1999 by some UK anonymous person and it was  closed somewhere in 2005 due to inactivity/defaulted.
- check their Facebook, they give their Shanghai address and a small piece of "google maps" snapshot which I manage to localize on Google maps.
The address stated on Facebook doesn't even exist while the localisation of the map snapshot where they point out you can find actually Hyundai facilities in Shanghai, purely nothing related to lakebtc.
- try then to find opinions from other users, check for that facebook and tweeter, disregarding the very bad comments you'll see actually a extremely small pool of users, you will see that actually nobody is commenting on their tweeter posts so you cannot even argue to consider it the 4th largest trading volume platform in the workd with 10 milions users as they claim.
Look at much smaller real exchanges on how big social networks they have, lakebtc is basically nonexistent on social networks.


There are just a few examples of easily verifiable facts that are showing the magnitude of the lie behind this lakebtc, best advice - stay as far as you can!

Guys can someone confirm if they are processing withdrawals? I am interested in purchasing some of their tokens but I am reading on various places around the internet that they are scammers and they are not processing withdrawals..

Please somebody confirm this as fast as possible.

Service Suspended for Residents of the State of Washington USA
https://www.lakebtc.com/p/9350


Dear Users,

Our service is currently suspended for residents of the State of Washington, USA until further notice. Users who are Washington residents should not create new deposits or trades, and should withdraw their funds promptly.

We apologize for any inconvenience this may incur. We also encourage you to contact local regulators and lawmakers for advocacy and education of cryptocurrencies, and for a more friendly regulatory environment.

Thank you for choosing LakeBTC.com!

LakeBTC team

Dear User,

There is no scam here.

It may you guys submitted a withdraw at a sensitive time when face a fork risk, so the BTC deposit/withdrawal features had been suspended for the potential fork upcoming.  Protective measures like this are normal, since LakeBTC is probably the only major exchange without stolen coins, security scandals or flash crashes.

And now, BTC withdrawal feature is back to normal. We will keep monitoring the bitcoin network and take necessary actions to minimize the fork risks. Your support and patience are highly appreciated!

Please check here https://www.lakebtc.com/p/9349

I've seen also other users complaining about the shitty support from [email protected] and I can confirm is absolutely mizerable.

They only answer if the question you ask fits any of the FAQ section, because the person behind is copy-pasting the link to the specific Faq

Anything - but anything else - that involves to write 5 words by hand and push send is completely ignored!

Yes You are completely right ! I did same mistake and put my BTC there for Deposit request and this deposit was canceled and my cryto is still in sending but I didn't get it !